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MORE TWEAKS FOR NEVADA ONLINE POKER REGULATIONS
Friday, November 4, 2011 : Second hearing produces some practical suggestions
The Nevada Gaming Control Board held its second hearing on proposed regulations for a legalised online poker environment Thursday, considering a number of suggestions.
There was concern over a provision banning player-to-player transfers, which in the online poker industry is a generally used facility for players within a site to stake each other.
Mark Liparelli, who chairs the Board, explained that the regulation was included because the Board did not want to risk the development of what he called "shadow banking" in which less scrupulous players may attempt to circumvent safe and conventional financial structures.
A legal representative for 888 Holdings, which the Board approved as a partner for European online operations with Caesars Entertainment earlier this year, applauded the efforts in Nevada to set up a practical regulatory environment in preparation for the legalisation of the pastime.
“It’s unfortunate that a country that gave birth to the Internet, Microsoft, Google, Facebook, is stuck in prohibition,” he said, adding that his client is keen to establish a physical presence in Nevada once legalisation is approved, probably by opening a "logistical centre".
The controversial question of an exclusionary database was also discussed, with Board members appearing to favour the idea on the basis that excluding certain individuals in the internet poker environment would likely be easier than in brick-and-mortar operations.
The consultations are set to continue, with the final regulations set sometime in December, when they will be approved by the Nevada Gaming Commission.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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